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obama's october surprise. thanks, hilda. that's labor secretary hilda solis, who is responsible for the bureau of labor statistics which puts out the job numbers. >> i have the highest regard for our professional staff at the bureau of labor statistics, highly trained, highly skilled ph.d.s, economists, statisticians, folks that have been working in this area for many years and this is a methodology that's been used for decades and it is insulting when you hear people just cavalierly say that somehow we are manipulating numbers. i find that very insulting. >> hilda solis. for the record, here's how the process works. the raw data comes in on wednesdays, the week before each monthly report. the bureau of labor statistics gets around -- calls around 60,000 households and asks who's working. that's where the unemployment rate comes from. for job growth or job loss, the bls gathers payroll data from businesses. everyone who touches the data signs confidentiality agreements, documents are locked in safes, computers are encrypted,
obama's october surprise. thanks, hilda. that's labor secretary hilda solis, who is responsible for the bureau of labor statistics which puts out the job numbers. >> i have the highest regard for our professional staff at the bureau of labor statistics, highly trained, highly skilled ph.d.s, economists, statisticians, folks that have been working in this area for many years and this is a methodology that's been used for decades and it is insulting when you hear people just cavalierly say...
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the reality is those numbers help obama tremendously. at the same time, obama has the opportunity now to come back and do what he did the very next day. i think that was a key day for him. >> if he had that sort of debate performance and then we'd gotten job numbers that had us stuck at 8.2, then you start talking about a crisis at that point for the campaign. >> we have a chance to make it a much bigger story, precisely because the republicans have been so nice to us and delivered, for example, jack welch. the numbers were entirely fixed. he's been chimed in this morning by steve forbes, also said these have been fixed numbers. they intended for them to go down precisely under 8% before the election started. this is some crazy stuff going on on the right here. that might generate enough interest to make the debate -- >> i just want to -- just in case anyone has been sleeping under a rock on friday or something. i just wanted to show what jack welch's response was, it was a tweeted response that got picked up in the news where he basical
the reality is those numbers help obama tremendously. at the same time, obama has the opportunity now to come back and do what he did the very next day. i think that was a key day for him. >> if he had that sort of debate performance and then we'd gotten job numbers that had us stuck at 8.2, then you start talking about a crisis at that point for the campaign. >> we have a chance to make it a much bigger story, precisely because the republicans have been so nice to us and delivered,...
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what should obama get with 7.8? it seems like it's within the range there and everybody's poo-poo'ing it. oh, geez, i know why jack welch is scared that number is too damn close to reagan's number. that's probably what he's worried about. >> how this works with the president's narrative, we're moving in the right direction, don't change horses, don't go back to a playbook that didn't work, the george bush supply side stuff that i think he can legitimately tie to mitt romney. he had a narrative that says the economy is monthing in the right direction. i think this job report actually strengthens that narrative. much more than levels variables, like the level of the unemployment rate, it's momentum that i think forms voters' views on the economy. >> thank you jared bernstein for coming on. >> thank you. >>> who is that masked moderate man on the debate stage, the guy who plans no $5 trillion tax cuts? who won't cut education, insists his health care plan covers people with pre-existing conditions. it's the same guy wh
what should obama get with 7.8? it seems like it's within the range there and everybody's poo-poo'ing it. oh, geez, i know why jack welch is scared that number is too damn close to reagan's number. that's probably what he's worried about. >> how this works with the president's narrative, we're moving in the right direction, don't change horses, don't go back to a playbook that didn't work, the george bush supply side stuff that i think he can legitimately tie to mitt romney. he had a...
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to vote for president obama, anyway. and i think actually it's probably going to go away fairly quickly just because the romney campaign doesn't want to really touch this. >> the fact that he has to talking about mitt romney has to drop his line about the 8 plus percent from his campaign speeches, how much does that hurt him? >> as i said, he's been saying 8%. the president has been promising 8%. he hasn't delivered. that's one of the main attacks governor romney has been using, he's been bringing up that number repeatedly on the campaign trail. yesterday what you saw was the governor sort of switched and talking about 11% number which is the number if everybody was still looking -- the amount of people still looking for jobs from 2008 were looking now it would would be 11. he's going to say we haven't done enough. president obama acknowledged that in his remarks saying what we've been doing month after month, we're making headway, adding jobs each month but we haven't done enough. >> susan, back to wednesday night here.
to vote for president obama, anyway. and i think actually it's probably going to go away fairly quickly just because the romney campaign doesn't want to really touch this. >> the fact that he has to talking about mitt romney has to drop his line about the 8 plus percent from his campaign speeches, how much does that hurt him? >> as i said, he's been saying 8%. the president has been promising 8%. he hasn't delivered. that's one of the main attacks governor romney has been using,...
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that is not a number barack obama should be crowing about. not a number mitt romney should be accusatory about. barack obama has created more jobs while in office than were lost, but mitt romney points out correctly, they are not the right quality. no, this is not morning in america. it's also not a disaster. >> ethan, jump in here. are you encouraged? >> i am. i totally agree with ali. mitt romney's been saying that we've been having x month of unemployment above 8%. he can't that anymore. on top of that, the president can say he's created over a million private sector jobs, so he has some new powerful rhetorical arrows that are in his quiver. >> when i saw this today, i thought this fits perfectly into this narrative of a country that's divided because it's a little bit good news. not a lot, and it leaves everybody with room to argue. >> symbolically, it was a victory for the white house to get that unemployment rate under 8% along with just about everybody else. i predicted that would be the key to obama winning re-election, but objectivel
that is not a number barack obama should be crowing about. not a number mitt romney should be accusatory about. barack obama has created more jobs while in office than were lost, but mitt romney points out correctly, they are not the right quality. no, this is not morning in america. it's also not a disaster. >> ethan, jump in here. are you encouraged? >> i am. i totally agree with ali. mitt romney's been saying that we've been having x month of unemployment above 8%. he can't that...
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obama got bin laden. i'll get big bird. you tell that so and so romney anyone who bleeps with big bird bleeps with me. big bird even extended his middle finger at the candidate. >> and you're going to count on one that we all know and love. >> reporter: big bird started his own big bird parody account. reacted by crying and showed up in a deployment split screen. >> i like pbs. i like big bird. >> reporter: his reaction was a scream. >> not going to keep spending on money to borrow money from china to pay for it. >> aghh! >> reporter: his response included a message. >> f-u-m-i -- >> reporter: a message spilled out for myth. and this isn't the first time that mitt romney has stalked big bird. >> i like big bird and bert and ernie for my grandkids to like. >> reporter: o. >> he got rid of your jobs, now he wants to get rid of big bird's job. >> reporter: day after the debate the president joined in. >> thank goodness somebody is finally getting tough on big bird! we didn't know that big bird was driving the federal deficit.
obama got bin laden. i'll get big bird. you tell that so and so romney anyone who bleeps with big bird bleeps with me. big bird even extended his middle finger at the candidate. >> and you're going to count on one that we all know and love. >> reporter: big bird started his own big bird parody account. reacted by crying and showed up in a deployment split screen. >> i like pbs. i like big bird. >> reporter: his reaction was a scream. >> not going to keep spending...
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and an outside adviser to president obama. also with us tonight is democratic strategist bob shrum two of the best here to talk about the economy and political ramifications of all of this. mr. wolf good to have you with us tonight. >> thanks for having me, ed. >> you were right there on the ground floor when president obama was dealing with this economic crisis. take us where we were and where we are and encapsulate it for our audience. >> we know where we were. the stock market was a hundred percent lower right at 6,000. we're at a five-year high. and we were losing 750,000 jobs when he entered office. i'd rather talk about where we are today because i think today's numbers are a culmination of policies that have led to a recovery that we need to continue but we are starting to see the culmination of these policies actually lead to very good things. let's talk about it. people aren't discussing the average hour work week. it came in at 34 1/2, which is a prerecession number. mortgage foreclosures are at a four-year low. hous
and an outside adviser to president obama. also with us tonight is democratic strategist bob shrum two of the best here to talk about the economy and political ramifications of all of this. mr. wolf good to have you with us tonight. >> thanks for having me, ed. >> you were right there on the ground floor when president obama was dealing with this economic crisis. take us where we were and where we are and encapsulate it for our audience. >> we know where we were. the stock...
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is it what president obama promised when he was candidate obama four years ago? no. but is it better than where we've been for the last 40 months? yes. i also think that we're going to e how this momentum thing plays out because we have so very many events coming one right after the othe we have a vice presidential debate in a few days followed by another presidential debate. we have a lot to see yet. >> it is widely agreed, speaking of debates, that mitt romney won the first debate, but did americans, particularly undecided voters get the whole story. cnn did some fact checking on comments made at the debate this week. i want you to listen to this on the topic of the deficit, first. >> mitt romney claims that even with his tax cuts, he will not add to the deficit. >> my number one principle there is no tax that that will add to the deficit. i will not put in place a deficit thdea tax that adds to the deficit. my plan is not to put in place any tax cut that will add to the deficit. >> we want to look at the facts here, again. mitt romney has not laid out specifics fo
is it what president obama promised when he was candidate obama four years ago? no. but is it better than where we've been for the last 40 months? yes. i also think that we're going to e how this momentum thing plays out because we have so very many events coming one right after the othe we have a vice presidential debate in a few days followed by another presidential debate. we have a lot to see yet. >> it is widely agreed, speaking of debates, that mitt romney won the first debate, but...
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the case for obama and particularly the case for obama on the economy more clearly than anyone else has on the campaign. >> no president, no president, not me, not any of my predecessors, no one could have fully repaired all the damage that he found in just four years. when president barack obama took office, the economy was in free fall, it had just shrunk. we were losing 750,000 jobs a month. the are we doing better today? the answer is yes. >> and we should say, we are actually back now to where we were when obama got in office. but do you think bill clinton is right there? did obama do all that could have been done? >> well, i think he did all that could have been done that the congress would let him do. with hind sight, the stimulus package should have been bigger, but at the time it was put together, there were two things that were constraining it. one was we didn't know how bad the economy was at that moment. it was still getting worse. but nobody knew how much worse it was getting. and the other was sort of sticker shock. it was a big number and the congress wasn't prepared
the case for obama and particularly the case for obama on the economy more clearly than anyone else has on the campaign. >> no president, no president, not me, not any of my predecessors, no one could have fully repaired all the damage that he found in just four years. when president barack obama took office, the economy was in free fall, it had just shrunk. we were losing 750,000 jobs a month. the are we doing better today? the answer is yes. >> and we should say, we are actually...
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>> it was a mistake for president obama to ask him about that, it was wrong for president obama not to say, mitt romney, are you calling out the republicans who are voting for the jobs bill in the senate? president obama left a whole bunch of stuff on the table that he could have brought up. he absolutely should have asked him about it because it's a central issue when you talk about where we stand in this country. i simply say to ali, i know he's your guy. >> he's even saying preexistent conditions will be covered, but people who lose their job can keep their health insurance for a time. that's not what people think of when they think of a preexisting condition. >> it's something that when republicans repeal obamacare and try to replace it, they'll have to come up with that replacement so people don't gain in the system -- >> so was he lying or mistaken about his own policy? >> there is a provision in there, anderson, that will cover a portion of the people who don't have health insurance. if you paid your premiums and you have health insurance, you can't be turned down. what he's tal
>> it was a mistake for president obama to ask him about that, it was wrong for president obama not to say, mitt romney, are you calling out the republicans who are voting for the jobs bill in the senate? president obama left a whole bunch of stuff on the table that he could have brought up. he absolutely should have asked him about it because it's a central issue when you talk about where we stand in this country. i simply say to ali, i know he's your guy. >> he's even saying...
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maybe obama saw this because the significance of the last 3 1/2 years in the obama presidency is there was never cooperation or rarely cooperation. no or very few bipartisan agreements. the only time they did something was when they brought joe biden in to negotiate with the republicans. so maybe obama sensed that. but i don't know -- it's worthy to investigate. >> sean: yeah. one theory i have, i want to ask you one more question about your theory. i would argue, $6 trilon in debt, very hard to explain away. i would argue that, you know when 2012 economically is worse than 2011, which was worse than 2010, unemployment in 2012, fewer jobs in this year than last year and the year before. things are trending down. obviously, that's troubling for the president in terms of trying to defend it. but back to your theory, if he was so bad that there something else going on, that could be troubling in and of itself. you know, we need presidents that are strong. you know, bill clinton, as critical as i was during monica lewinsky, you have to hand it to him, his ability to compartmentalize, do hi
maybe obama saw this because the significance of the last 3 1/2 years in the obama presidency is there was never cooperation or rarely cooperation. no or very few bipartisan agreements. the only time they did something was when they brought joe biden in to negotiate with the republicans. so maybe obama sensed that. but i don't know -- it's worthy to investigate. >> sean: yeah. one theory i have, i want to ask you one more question about your theory. i would argue, $6 trilon in debt, very...
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when you went head-to-head with obama in 2008, the polls said 51% obama, 38% mccain. do you think you would have done better against the obama that was debating this week? >> i think so, piers, but you know, it would sound like i am now trying to rewrite history or i would have done better. you know, i never tried to do any of that looking back and certainly not in anger or bitterness. but i think it is true that during the 2008 campaign, the president or then senator obama had no record to defend, and one of the reasons why mitt did so well in this debate was because mitt was -- i think very legitimately, attacking his record, whether it be the $90 billion in subsidies for energy or a number of the other things that he pointed -- the failure of dodd-frank, and so the president had a record to defend this time, but one, do not underestimate the president of the united states. he will come back strong. i think mitt has to be prepared for that. and also, as you mentioned, these job numbers will give him a bit or something of a bot today. >> we've got the vp debate comin
when you went head-to-head with obama in 2008, the polls said 51% obama, 38% mccain. do you think you would have done better against the obama that was debating this week? >> i think so, piers, but you know, it would sound like i am now trying to rewrite history or i would have done better. you know, i never tried to do any of that looking back and certainly not in anger or bitterness. but i think it is true that during the 2008 campaign, the president or then senator obama had no record...
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his aides claim more supporters are rallying for romney since the first debate. >>> president obama took the day off to celebrate his 20th wedding anniversary with the first lay city. and two u.s. troops were killed today in afghanistan. they have not yet been identified but it is confirmed they were killed in an insurgent attack. now back to "caught on camera." >>> here what's waping on "caught on camera." i'm contessa brewer. pack a bunch of kids into a school bus, and you might expect them to be a little noisy or even rambunctious from time to time. but in our next two videos, we'll see a whole different level of bad behavior, shoving, shouting, punching, and what's become unfortunately all too common, bullying. a disturbing confrontation on the way to school turns into a full-blown brawl and it's all captured on camera. may 2005, in punta gorda, florida. a school bus driver pulls over and calls for backup while trying to control a group of rowdy students. >> i need a deputy out here. >> according to the sheriff's report, the fight begins when 66-year-old albert taylor orders a 13-yea
his aides claim more supporters are rallying for romney since the first debate. >>> president obama took the day off to celebrate his 20th wedding anniversary with the first lay city. and two u.s. troops were killed today in afghanistan. they have not yet been identified but it is confirmed they were killed in an insurgent attack. now back to "caught on camera." >>> here what's waping on "caught on camera." i'm contessa brewer. pack a bunch of kids into a...
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you don't want to miss the warm up to the next obama/romney faceoff. it's a much anticipated vice presidential debate. joe biden, paul ryan going at it thursday october 11th. our coverage begins 7:00 p.m. eastern time. have you ever taken a personality test to get a job? a woman who took one claims it actually cost her the job. and now she's suing. our legal guys full of personality all the time will be weighing in on this case. ♪ ♪ [ male announcer ] its lightweight construction makes it nimble... ♪ its road gripping performance makes it a cadillac. introducing the all-new cadillac xts. available with advanced haldex all-wheel drive. [ engine revving ] it's bringing the future forward. it's bringing the future you see us, at the start of the day. on the company phone list that's a few names longer. you see us bank on busier highways. on once empty fields. everyday you see all the ways all of us at us bank are helping grow our economy. lending more so companies and communities can expand, grow stronger and get back to work. everyday you see all o
you don't want to miss the warm up to the next obama/romney faceoff. it's a much anticipated vice presidential debate. joe biden, paul ryan going at it thursday october 11th. our coverage begins 7:00 p.m. eastern time. have you ever taken a personality test to get a job? a woman who took one claims it actually cost her the job. and now she's suing. our legal guys full of personality all the time will be weighing in on this case. ♪ ♪ [ male announcer ] its lightweight construction makes it...
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president obama did not win the first debate against mitt romney. whether or not you're happy about that he didn't win. but if your takeaway from this conspiracy theory in this debate is the reason the president didn't win is because mitt romney cheated, then what is the utility of that theory for you? what is the utility of that information? how do you think president obama should then prepare for the second debate? should he just do exactly what he did this past wednesday night, except keep a closer eye out for the cheating because that is the only reason he lost? i mean, it may be comforting to tell yourself this is what really went wrong here but that is not really what went wrong here and making the case that it was does not help your candidate. the worst example of this though, the invention of a comforting new parallel reality that does not mean you have to face hard truths. the worst new instance of this is how the right today responded to the new jobs numbers. today the unemployment rate dropped from 8.1% to 7.8%. it didn't drop for any of
president obama did not win the first debate against mitt romney. whether or not you're happy about that he didn't win. but if your takeaway from this conspiracy theory in this debate is the reason the president didn't win is because mitt romney cheated, then what is the utility of that theory for you? what is the utility of that information? how do you think president obama should then prepare for the second debate? should he just do exactly what he did this past wednesday night, except keep a...
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that would be the lowest since president obama took office. now, before we get into what jack welch tweeted, here's how president obama reacted to the economic news. >> today's news should give us some encouragement. it shouldn't be an excuse for the other side to try to talk down the economy just to try to score a few political points. it's a reminder that this country's come too far to turn back now. >> president obama on the campaign trail today. now here's what mitt romney said. >> the unemployment rate as you know this year has come down very, very slowly but it's come down nonetheless. the reason it's come down this year is primarily due to the fact that more and more people have just stopped looking for work. >> he went on to say the country can do better, which is about what you would expect him to say, same as you would expect president obama to say what he said. that's the way the two sides do it, year in, year out, campaign after campaign. what no one does, at least not until now, is look at the numbers and suggest the fix is in. th
that would be the lowest since president obama took office. now, before we get into what jack welch tweeted, here's how president obama reacted to the economic news. >> today's news should give us some encouragement. it shouldn't be an excuse for the other side to try to talk down the economy just to try to score a few political points. it's a reminder that this country's come too far to turn back now. >> president obama on the campaign trail today. now here's what mitt romney said....
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president obama of course is saying the country is going in the right direction. so, who are the folks in virginia going to roll with? brad? >> i think, they will roll with governor romney and the reason being, again, we have a state of virginia, who is run by a very good governor, a governor mcdonald, who is again somebody who made tough decisions for virginia, when the -- with republican policies and we are no spending more than we take in, in virginia and are forward thinking on energy and unfortunately, again, virginia is stuck in a situation, where we can't exploit our own resources, because of the regulations that the obama administration put on virginia. >> arthel: donna, go for virginia. >> i think that the president has done an extraordinary job in persuading a number of folks in that state, that the message that he is delivering and the work he's doing for virginia and the country is really delivering value. their unemployment rate is lower and, frankly i think that the governor's comments, during the episodes on women's rights, really did damage, in the
president obama of course is saying the country is going in the right direction. so, who are the folks in virginia going to roll with? brad? >> i think, they will roll with governor romney and the reason being, again, we have a state of virginia, who is run by a very good governor, a governor mcdonald, who is again somebody who made tough decisions for virginia, when the -- with republican policies and we are no spending more than we take in, in virginia and are forward thinking on energy...
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you can watch the rest of that live on cnn.com. >>> his opponent, president obama, and the obama campaign are talking campaign funds. president obama getting a boost on one hand and doing some damage control on the other. he's riding high on lower unemployment numbers, but also trying to recover from his poorly reviewed showing at the first presidential debate with mitt romney. meanwhile, romney's team claiming a big supporter bounce since the debate, saying they raised more than $12 million in the past 48 hours. >>> the highest profile islamic terror suspect in great britain is now in the united states. al masri and four others appeared in federal courtrooms just hours after landing on american soil. >>> an extraordinary trial in vatican city has ended with a guilty verdict. the former butler to pope benedict xvi was sentenced to 18 months in prison for stealing confidential church documents and passing them on to an italian journalist. a vatican spokesman says the pope will most likely pardon him. >>> gas prices in california jumped again overnight. drivers are now paying an average of
you can watch the rest of that live on cnn.com. >>> his opponent, president obama, and the obama campaign are talking campaign funds. president obama getting a boost on one hand and doing some damage control on the other. he's riding high on lower unemployment numbers, but also trying to recover from his poorly reviewed showing at the first presidential debate with mitt romney. meanwhile, romney's team claiming a big supporter bounce since the debate, saying they raised more than $12...
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you know, mitt romney during the debate criticized president obama when president obama criticized how much money is given to the oil industry. many people were upset that the president then fired back and said hey, listen, we're starting something with green energy. if you're trying to get a whole new energy sector off the ground, don't you need federal dollars behind it at least at first? >> there are a lot more official ways of doing it than giving money to your friends and having those companies go bankrupt. the reason why it's such a sore point with the administration is they've had a lot of very high profile disasters, solyndra, fisker, and the rest. i think the president, rather than saying yes, we have to subsidize my friends, would do better to say that i think his line is that he is in favor of an all of the above sort of energy policy. but it's really not the case that we're doing better. we had a higher growth rate in 2010. the reason why that rate is going down is because people are giving up and dropping out of the jobs -- the job market. so i think that the essential arg
you know, mitt romney during the debate criticized president obama when president obama criticized how much money is given to the oil industry. many people were upset that the president then fired back and said hey, listen, we're starting something with green energy. if you're trying to get a whole new energy sector off the ground, don't you need federal dollars behind it at least at first? >> there are a lot more official ways of doing it than giving money to your friends and having...
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let me tell you how i will create 12 million jobs when president obama couldn't. first, my energy independence policy means more than three million new jobs. many of them in manufacturing. my tax reform plan to lower rates for the middle class and for small business creates seven million more. and expanding trade, cracking down on china, and improving job training takes us to over 12 million new jobs. i'm mitt romney, and i approve this message. >>> hi everyone. good morning. welcome to news 4 today. i'm richard jordan. >> i'm angie goff. it is saturday, october 6th, 2012. and a nice start to our weekend. our holiday weekend at that. >> a nice start. but get ready for the finish. it is going to be a very cold one right? >> downright chilly. hi, chuck. >> yes indeed. i was out at the beach all week and there are a couple great old car shows going on at the beach and yesterday on my drive back nothing but great looking old cars headed on over toward ocean city and so if you haven't got a plan and you need something to do today go on out to the beach. last good beach
let me tell you how i will create 12 million jobs when president obama couldn't. first, my energy independence policy means more than three million new jobs. many of them in manufacturing. my tax reform plan to lower rates for the middle class and for small business creates seven million more. and expanding trade, cracking down on china, and improving job training takes us to over 12 million new jobs. i'm mitt romney, and i approve this message. >>> hi everyone. good morning. welcome...